Form 4: Crexendo Director Anil K. Puri Reports Stock Option Exercise and Share Transactions
SEC Form 4 Filing
Director Anil K. Puri reports exercising stock options and related share transactions for Crexendo, Inc.
Summary
- On March 5, 2025, Anil K. Puri, a director of Crexendo, Inc., exercised stock options to acquire 10,000 shares of common stock at a price of $2.93 per share.
- Puri also engaged in a 'net exercise' of outstanding stock options, receiving 5,907 shares after the company withheld 4,093 shares for payment of the exercise price, based on a closing stock price of $7.16 on March 5, 2025.
- Following these transactions, Puri directly owns 49,818 shares of Crexendo common stock.
- Puri also owns 10,000 stock options with an exercise price of $5.77, vesting monthly over 24 months beginning April 4, 2025, and expiring on March 4, 2035.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's a standard practice for publicly traded companies.
Stakeholder Impact
- Shareholders are informed about insider transactions, providing transparency into management's actions.
- The transactions may have a minor impact on the stock price due to the increased number of shares.
Key Dates
| Date | Description |
|---|---|
| 04/09/2018 | Date related to the Non-qualified Stock Options |
| 03/04/2025 | Date of earliest transaction and grant date for new stock options. |
| 03/05/2025 | Date of stock option exercise and share transactions. |
| 03/07/2025 | Date of Form 4 filing. |
| 04/04/2025 | Start date for monthly vesting of new stock options. |
| 03/04/2035 | Expiration date for new stock options. |
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